Dynasty Fine Wines Expands with New Jiangsu Joint Venture

Dynasty Fine Wines Group Limited (HK:0828) has released an update.

Dynasty Fine Wines Group Limited is expanding its business by forming a joint venture with Jiu Zhongxian in Jiangsu, China, to manufacture and sell yellow and Chenpi wines. The new company, with a registered capital of RMB58.8 million, will be majority-owned by Dynasty Winery, enhancing its revenue streams and brand influence. This strategic move promises to leverage both companies’ strengths and boost their presence in the alcoholic beverage market.

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